The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.
IDBI Mutual Fund has announced that Gold Deposit Scheme of banks is included in the investible universe of IDBI Gold Exchange Traded Fund
IDBI Mutual Fund today said it expects to garner about Rs 100 crore from its recently launched Gold Fund.
Asset management company IDBI Mutual Fund today launched a gold fund targeted mainly at retail investors and people without demat accounts.
IDBI Gold Exchange Traded Fund, the new fund offer (NFO) launched by IDBI Asset Management, has collected over Rs 110 crore, predominantly from around 11,000 retail investors, including HNIs.
IDBI Mutual Fund has launched IDBI Gold Exchange Traded Fund, an open ended Gold Exchange Traded Scheme which will invest in physical Gold and Gold related instruments with the objective to replicate the performance of Gold in domestic prices.